FASIX vs. VWINX

Last updated Jun 4, 2026

FASIX (Fidelity Asset Manager 20% Fund) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both Diversified Portfolio funds. Over the past 10 years, FASIX returned 4.49%/yr vs 5.81%/yr for VWINX. Their correlation of 0.81 suggests significant overlap in exposure. FASIX charges 0.51%/yr vs 0.23%/yr for VWINX.

Performance

FASIX vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 20% Fund (FASIX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASIX achieves a 4.52% return, which is significantly higher than VWINX's 3.55% return. Over the past 10 years, FASIX has underperformed VWINX with an annualized return of 4.49%, while VWINX has yielded a comparatively higher 5.81% annualized return.

FASIX

• 1D: 0.20%
• 1M: 1.57%
• YTD: 4.52%
• 6M: 4.81%
• 1Y: 11.66%
• 3Y*: 8.01%
• 5Y*: 3.71%
• 10Y*: 4.49%

VWINX

• 1D: 0.31%
• 1M: 1.24%
• YTD: 3.55%
• 6M: 3.53%
• 1Y: 11.32%
• 3Y*: 8.86%
• 5Y*: 4.14%
• 10Y*: 5.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FASIX vs. VWINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASIX Fidelity Asset Manager 20% Fund	4.52%	9.58%	5.34%	8.00%	-10.20%	4.04%	8.62%	10.64%	-1.63%	6.60%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.55%	10.98%	5.86%	6.99%	-9.09%	8.48%	8.44%	16.39%	-2.54%	9.29%

Correlation

The correlation between FASIX and VWINX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 15, 1995	0.81

The correlation between FASIX and VWINX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

FASIX vs. VWINX - Sectors Allocation Comparison

Sectors	FASIX	VWINX
Technology	26.6%	4.2%
Financial Services	16.2%	7.9%
Industrials	12.8%	3.6%
Consumer Cyclical	9.4%	1.9%
Healthcare	8.8%	5.7%
Communication Services	7.9%	1.1%
Consumer Defensive	4.9%	3.6%
Basic Materials	4.4%	1.4%
Energy	3.8%	3.1%
Real Estate	2.7%	1.1%
Utilities	2.5%	3.6%

Return for Risk

FASIX vs. VWINX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FASIX

FASIX Risk / Return Rank: 84
FASIX Sharpe Ratio Rank: 87
FASIX Sortino Ratio Rank: 88
FASIX Omega Ratio Rank: 85
FASIX Calmar Ratio Rank: 77
FASIX Martin Ratio Rank: 82

VWINX

VWINX Risk / Return Rank: 57
VWINX Sharpe Ratio Rank: 61
VWINX Sortino Ratio Rank: 62
VWINX Omega Ratio Rank: 58
VWINX Calmar Ratio Rank: 54
VWINX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FASIX vs. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 20% Fund (FASIX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FASIX	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.29	+0.55
Sortino ratio: Return per unit of downside risk	4.23	3.30	+0.93
Omega ratio: Gain probability vs. loss probability	1.58	1.42	+0.15
Calmar ratio: Return relative to maximum drawdown	3.52	2.81	+0.71
Martin ratio: Return relative to average drawdown	15.53	10.57	+4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FASIX vs. VWINX - Sharpe Ratio Comparison

The current FASIX Sharpe Ratio is 2.85, which is comparable to the VWINX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of FASIX and VWINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FASIX	VWINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.29	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.60	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	0.84	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	1.08	+0.04

Drawdowns

FASIX vs. VWINX - Drawdown Comparison

The maximum FASIX drawdown since its inception was -19.61%, smaller than the maximum VWINX drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for FASIX and VWINX.

Drawdown Indicators

	FASIX	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-21.72%	+2.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-4.16%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-4.84%	-6.98%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	-13.86%	-15.30%	+1.44%
Max Drawdown (10Y) Largest decline over 10 years	-13.86%	-17.43%	+3.57%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.78%	-2.63%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	1.10%	-0.34%

Volatility

FASIX vs. VWINX - Volatility Comparison

The current volatility for Fidelity Asset Manager 20% Fund (FASIX) is 1.53%, while Vanguard Wellesley Income Fund Investor Shares (VWINX) has a volatility of 1.64%. This indicates that FASIX experiences smaller price fluctuations and is considered to be less risky than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASIX	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	1.64%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.39%	3.89%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	5.09%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	6.97%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	6.92%	-2.28%

FASIX vs. VWINX - Expense Ratio Comparison

FASIX has a 0.51% expense ratio, which is higher than VWINX's 0.23% expense ratio.

Dividends

FASIX vs. VWINX - Dividend Comparison

FASIX's dividend yield for the trailing twelve months is around 3.02%, less than VWINX's 7.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASIX Fidelity Asset Manager 20% Fund	3.02%	3.21%	3.34%	3.17%	4.55%	1.63%	2.16%	3.02%	4.11%	3.23%	1.85%	3.95%
VWINX Vanguard Wellesley Income Fund Investor Shares	7.68%	7.86%	6.61%	4.73%	7.67%	6.03%	4.30%	3.94%	7.56%	3.20%	4.00%	5.60%

Frequently Asked Questions

Can I hold both FASIX and VWINX in my portfolio?

FASIX and VWINX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FASIX or VWINX?

VWINX has higher volatility (1.64%) compared to FASIX (1.53%). In terms of maximum drawdown, FASIX dropped -19.61% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

FASIX currently has the higher Sharpe Ratio (2.85 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.